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There was no fast tracked to anything. Lazar started this process in June and it is still not done. Lots of his former tickers were done in less time.
Those sold and there they sit.
Since facts matter here please show proof of IPO and proof of fast tracking this to pink.
I'll wait.
Holding for dollars.
Keep in mind most people here dont read filings, they have no idea what other shells go for. They just say false with nothing to prove it. I can grab just about any former Lazar ticker and show what was paid for the shell.This is the XMET board where facts dont matter.
Holding for dollars.
I too will present the 8K to my Asian-American group in Silicon Valley & LA, then boom. They usually short big guys like APL,TSLA,EBAY,AMZN. My sellers will offset your buyers.
Holding for dollars.
Typically on message boards the people selling often post the following.
"Load the Boat"
"Dont miss the boat"
"Holding for Dollars"
"IPO Imminent"
"Weak hands are out only strong hands left"
"Check the posted DD" (never do they say check the filings or do your own DD.)
And claims of "MM manipulation" when they themselves are selling driving the price downward.
Not a dig on anyone on this board who has posted any of these quotes.
Be patient XMET should pop again.
I am holding for dollars. LOL
The famous Ms.Tina Pheet Mi. Havent heard her name in a while.
I wonder if they were having problems with the LiveCoin in China. It was trading for a quick minute. I read somewhere that you cannot have a coin in China unless it benefits the Chinese economy.
Hopefully in the next few months that IPO happens. Jian Zhang told someone on this board that we will know whats happening with LICH after the DISTU IPO is complete.
They sure made a big hoopla about the "Live Dao" coin in China too for a minute. Maybe the new Distoken "Token" will be what replaces the LiveCoin.
I feel better knowing that Jian gave LICH shares to people in China. Then again, those could be the people dumping lately.
I will probably grab 100 shares or so of DISTU on their IPO.
There is a paper trail on Jian Zhang, info from the filings only. He is the one that bought LICH. Here is link to the post talking about him.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160219354
Nice Glenn. They never replied to my email.
Possibly. I was thinking the same thing. Weird that so many Chinese companies are involved in the OTC yet dont bring anything to fruition, not even one PR stating business plans. Also odd that they would spend so much money acquiring these shells.
I do like what Jian Zhang is into. I will wait until the Distoken IPO and see what happens with us from there.
Looks like someone wants in at a 30% discount.
Annnd they're gone.
I want to keep mine, but prefer a 1:1 divvy with amzn or tsla . Thanks
Thats a real nice entry.
So you dont have 1's ?
I dont think he will fool everyone, some of us see it coming. Only because the other Chinese fella fooled me. Then I started to pay attention.
If youre not riding free/close to free or currently in the red you better start averaging down. This will go up again, just not to the levels that people on this board are claiming.
Simple statement. I am not sure what you read on the Lazar board to give you that hunch. I too am riding way free, but more importantly I am a realist. There is no pie in the sky thats going to make everyone here rich.
Its really that simple. Wei Tian didnt invest his hard earned money in this ticker to make everyone here rich. He is a banker, not a philanthropist or savior to the OTC masses. Be realistic, then again its your money.
LOL. Just like XMET was fast tracked?
Right on the money nsomniyak.
IPO's take forever to happen dude. Look it up. Not a mere 3-4 months. At the very minimum a year. Lots of paperwork, filings more paperwork and more filings.
Careful who you listen to on ihub.
I am not sure what you read on the Lazar board that gives you that impression. I know of only one former Lazar ticker that is moving in that direction right now, and it isnt XMET.
Im sure they bought the ticker to make everyone here rich. Makes total sense now.
IPO at .10? SMH. There are certain parameters that need to be met prior to up listing. Minimum price requirements for one and it takes 12-36 months for it to happen. Most likely not going to happen here, but I have seen stranger things in the OTC.
Most Asian people/companies that have bought Lazar tickers dont say anything, ever. No updates, no PR's, not forward looking blah blah blah. Nothing.
Dont fall in love with this or any other ticker until you know what the plan for the new company is. Take your profits and bounce.
Dude save your money, there will be other ones in the near future. The reason why youre losing money is because you are asking people if its still a good buy. Then you ask if you should slap the ask. Not sure if you lost money following others, if you did then dont follow others. Have a trade plan, rules and so forth. Ask yourself what you did wrong to lose money in the first place, then work on fixing that part of your game. We all lose sometimes, learn from it. Dont jump too late into custodianships, learn the processes. Be patient, and while youre waiting to drop money into something educate yourself.
Be well and GLTY
Good list Noob. Dont forget the others. $CBPI $MRJT $HRAA $PGLO and
$USRI which isnt going so smoothly.
Thanks Uboat. I sent an email to Beckles a few days ago. Waiting to hear back.
Lots of snakes in the grass on iHUb, might be the worst place to ask which ticker to buy. I think its best for you to sit on the sidelines for a bit, take it all in and try to figure things out. There will be other,newer and possibly better tickers to play in a few weeks time. Patience grasshopper.
Like Alstocks said, its easy to burn your account on pennies.
For a brand new Lazar it could be. His brand new tickers can sometimes run a couple 100% the first day or so then find their level. Or you can just keep your eye on it until youre comfortable with the price.
I did something similar with HRAA. HRAA was already pretty high when I saw it. I took a very small position just so I wouldnt forget it. I was able to average down a few weeks later.
Also, keep in mind there will be other tickers from Lazar coming out.
GLTY
Yes CBPI was today. MVXM was 12/29ish and ARAT was 11/24.
MVXM was a few days ago. I posted it also but dont think anyone noticed with all the jibberish lately.
Thats why I posted it. For the Lazar followers.
New Lazar Custodianships for Dec.2020
MVXM and CBPI
So his posts make the filings invalid? I dont see any proof on his posts. His posts are speculation, says so in the title. He is speculating. I dont mind the float speculation because there is nothing to refute that. However the invalid shares part of his post isnt very accurate. Post proof from a filing to refute the filing images I have shared. It benefits everyone here.
I'm not a basher, I still have some of my .0001's .
this is true.
Post your proof that discredits mine.
Yeah but I dont think Noob knows about it. He keeps posting about the invalid shares that have have already been addressed. They will be swapped out. So, I guess its new info for some.
There will be no share buyback, share reduction or share cancellation. The invalid shares have been addressed in the filing posted.
Very important to read the first 3 highlighted sentences, the rest is important too. There is clear case law in Nevada for over issuance of stock. Two things can be done-
1. Company buys back over issued shares from stockholder with interest.
2. Swap valid for invalid shares.
In the picture of the filing I posted they said they recorded an $8m liability on the balance sheet to cover possibly having to buy back shares for what shareholders paid for them. (May 2020)
Then the next paragraph talks about increasing the A/S to 9b in order to swap shares. They also state the current number of authorized shares does not exceed the number of shares authorized.(September 2020).
Hope this clears up this part of the debate.
Very important to read the first 3 highlighted sentences, the rest is important too. There is clear case law in Nevada for over issuance of stock. Two things can be done-
1. Company buys back over issued shares from stockholder with interest.
2. Swap valid for invalid shares.
In the picture of the filing I posted they said they recorded an $8m liability on the balance sheet to cover possibly having to buy back shares for what shareholders paid for them. (May 2020)
Then the next paragraph talks about increasing the A/S to 9b in order to swap shares. They also state the current number of authorized shares does not exceed the number of shares authorized.(September 2020).
Hope this clears up this part of the debate.